Consumers With Revolving Credit - Have To, Or Want To?

In fact, the rate cuts are as much intended to reassure those consumers as anything else; something they’ve been told to believe is a huge positive to cling onto (expectations policy) in the face of what can only be a lot of serious and growing negativity. Break the expectations cycle of recessions. Rate cuts don’t do anything as far as money and banking are concerned (moneyless monetary policy).

Under far different circumstances, like those Economists and central bankers have been promising for half a decade now, a determined increase in revolving credit might be interpreted far differently – as a good sign of recovery, risk taking in that vital consumer area. It is increasingly clear how this small piece of the overall situation fits instead into a much different economic puzzle.

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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...

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